The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ametek Inc shares valued at $1,321,727 were sold by Speranza Emanuela on Nov 26 ’24. At $195.90 per share, Speranza Emanuela sold 6,747 shares. The insider’s holdings dropped to 30,460 shares worth approximately $5.51 million following the completion of this transaction.
Also, ZAPICO DAVID A sold 98,644 shares, netting a total of over 19,430,968 in proceeds. Following the sale of shares at $196.98 each, the insider now holds 323,744 shares.
Before that, ZAPICO DAVID A had sold 22,720 shares from its account. In a trade valued at $4,459,618, the CHIEF EXECUTIVE OFFICER traded Ametek Inc shares for $196.29 each. Upon closing the transaction, the insider’s holdings decreased to 22,720 shares, worth approximately $58.55 million.
As published in a research note from Exane BNP Paribas on January 16, 2025, Ametek Inc [AME] has been rated up from a Neutral to an Outperform and the price target has been revised to $210. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of October 07, 2024, TD Cowen has decreased its “Hold” rating to a “Sell” for AME. Earlier on May 22, 2024, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for AME stock which previously was a “a Perform”.
Analyzing AME Stock Performance
During the last five days, there has been a surge of approximately 1.35%. Over the course of the year, Ametek Inc shares have jumped approximately 0.33%. Shares of the company reached a 52-week high of $182.93 on 01/16/25 and a 52-week low of $174.11 on 01/13/25. A 50-day SMA is recorded $187.46, while a 200-day SMA reached $174.15. Nevertheless, trading volume fell to 1.7 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Ametek Inc (AME)
According to the 24-hour chart, there is a support level at 179.74, which, if violated, would cause prices to drop to 178.61. In the upper region, resistance lies at 182.46. The next price resistance is at 184.05. RSI (Relative Strength Index) is 46.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 33.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
